EXHIBIT 23.1


          ACCOUNTANTS' CONSENT AND REPORT ON SCHEDULE


The Board of Directors and Shareholders
Metra Biosystems, Inc.:

The audits referred to in our report dated July 18, 1996, included the 
related financial statement schedule as of June 30, 1996, 1995 and June 30, 
1994, and for each of the years in the three-year period ended June 30, 1996 
included in the registration statement. This financial statement schedule is 
the responsibility of the Company's management. Our responsibility is to 
express an opinion on this financial statement schedule based on our audits. 
In our opinion, such financial statement schedule, when considered in 
relation to the basic consolidated financial statements taken as a whole, 
presents fairly in all material respects the information set forth therein.

We consent to incorporation by reference in the registration statement on 
Form S-8 of Metra Biosystems, Inc. of our report dated July 18, 1996, 
relating to the consolidated balance sheets of Metra Biosystems, Inc. and 
subsidiaries as of June 30, 1996 and 1995 and the related consolidated 
statements of operations, shareholders' equity (deficit) and cash flows for 
each of the years in the three-year period ended June 30, 1996, which report 
appears in the June 30, 1996 annual report on Form 10-K of Metra Biosystems, 
Inc. Our report refers to a change in accounting for investments effective 
July 1, 1994.

                                KPMG Peat Marwick LLP


San Francisco, California
September 27, 1996